Toast

We empower the restaurant community to delight guests, do what they love, and thrive.

Director, Fintech Compliance

ComplianceComplianceFull TimeRemoteTeam 1,001-5,000Since 2013H1B SponsorCompany SiteLinkedIn

Location

United States

Posted

177 days ago

Salary

$171K - $274K / year

Bachelor Degree15 yrs expEnglish

Job Description

• Compliance leader managing compliance team supporting Fintech products • Oversee the development and maintenance of product-specific compliance management programs within Toast’s Fintech Line of Business • Direct the Fintech Compliance team to establish compliance management systems, mitigate key compliance risks, and remediate process and control gaps • Serve as a compliance thought partner to Fintech business stakeholders in the design and implementation of products and product enhancements • Guide Fintech Compliance team in product reviews to ensure regulatory compliance requirements are met • Serve as compliance sponsor on compliance committees and escalate key compliance risks and issues to the Chief Compliance Officer and governing bodies • Review results from compliance testing programs to identify themes or trends and mature the Fintech compliance program/framework • Ensure product-specific regulatory changes are monitored, assessed, and communicated to business partners in a timely manner • Oversee partner relationships and ensure obligations are met, including timely and accurate reporting and completion of partner reviews and required testing • Maintain state money transmitter licenses and compliance with associated requirements • Reports to the Chief Compliance Officer

Job Requirements

  • Bachelor’s Degree required
  • CRCM preferred
  • CAMS (nice-to-have)
  • Strong knowledge of financial laws and regulations, including CFPB regulations (Reg B, Reg E, Reg P, Reg Z)
  • Knowledge of federal and state consumer protection laws (UDA(A)P, CAN SPAM, TCPA)
  • Knowledge of laws and industry best practices related to commercial and consumer credit, prepaid debit cards, and electronic funds transactions
  • Knowledge of money transmitter laws, and card association and payment network rules
  • Direct experience leading compliance programs for financial products and services (payment processing, money transmission, banking products)
  • Experience with commercial and consumer credit, purchase financing, deposit accounts, debit/credit/stored-value cards, bill pay services, earned wage access
  • Typically requires 15+ years of related experience with a Bachelor’s degree; or 12+ years with a related Master’s degree
  • 10+ years of experience in a compliance, risk, or audit role at a financial institution providing commercial and/or consumer non-investment banking products (Fintech or payments industry preferred)
  • Experience maintaining fintech-oriented frameworks, bank partnerships and third party vendor programs
  • Familiarity with operational processes and regulations related to banking products
  • Ability to work well with ambiguity and synthesize large amounts of complex information
  • Strong communication skills (both written and verbal)

Benefits

  • Remote and hybrid work flexibility
  • Competitive compensation and benefits programs
  • Cash compensation (overtime, bonus/commissions, if eligible)
  • Equity (if eligible)
  • Access to company resources and events for employees in major office areas
  • Reasonable accommodations for persons with disabilities to access hiring process
  • AI tools provided across disciplines to support learning and work

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